$1 Auction-REIT Sale | Former Dollar General | Built 2011
ABSOLUTE $1 AUCTION | Former Dollar General | Built 2011 | AUCTION JUNE 22-24
Marketing description
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Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 525 E Harrison Street in Auxvasse, Missouri 65231 (the “Property”). Formerly occupied by Dollar General, the Property is being offered at a substantial discount to replacement cost, creating a compelling opportunity for owner-users and investors to acquire a well-located asset within Central Missouri. FIRST BID MEETS RESERVE!
Built in 2011, the Property consists of a ±9,147-square-foot, single-tenant, single-story free-standing retail building situated on ±62,531 square feet (±1.44 acres) with 34 surface parking spaces. Positioned on a hard corner intersection, the site offers one point of ingress/egress and features ±154 feet of frontage along E Harrison Street (State Highway E), which sees 900+ vehicles per day (VPD), and is located just ±0.3-Mi from U.S. Highway 54, carrying over 5,700 VPD. The Property also features pylon signage and a fully concrete-paved parking and driveway area, enhancing visibility and overall site functionality. The Property was previously leased to Dollar General on a triple-net (NNN) basis and presents a value-add opportunity through lease-up at market rates. Zoned Commercial, the Property accommodates a wide range of retail, commercial, and service-oriented uses. The building features steel frame construction with a reinforced concrete foundation, complemented by prefabricated steel panels, metal siding, and CMU exterior walls, with a 17-foot building height. The Property is serviced by four (4) pad-mounted packaged HVAC units providing zoned climate control. The building’s existing layout and infrastructure provide flexibility for repositioning, lease-up, or adaptive reuse, allowing investors to capitalize on a below-replacement-cost basis.
The Property is located in Auxvasse, Missouri within Callaway County just 35-minutes from Columbia and 40-minutes from Jefferson, MO. The Property is positioned along the community’s primary commercial corridor proximate to U.S. Highway 54, providing connectivity to Fulton, Kingdom City, and the broader Central Missouri region. The site is located adjacent to Casey’s and across from North Callaway Middle School, which serves 225+ students and drives consistent daily traffic to the area. The Property benefits from strong visibility and accessibility within a limited but established retail node serving the surrounding trade area. Auxvasse functions as a local service center for northern Callaway County and nearby communities, drawing demand from a primarily residential and agricultural population base. The area is supported by a population of 2,513 residents within a 5-mile radius and 11,118 residents within a 10-mile radius, with average household incomes of $81,832 and $87,553, respectively, supporting consistent consumer spending across essential goods and services. With limited competing retail supply and a stable economic base, the Property’s visibility, accessibility, and flexible zoning position it as a compelling value-add opportunity within an underserved market.
Investment highlights
- ABSOLUTE $1 AUCTION | Former Dollar General | Built 2011 | AUCTION JUNE 22-24
- ±9,147 SF Freestanding Value-Add Retail on 1.44 Acres Available at Substantial Discount Below Replacement Cost
- Former Dollar General with Open Floor, Rear Storage Room, and Side Door for Deliveries
- Surrounding Traffic Generators: USPS, Middle School, Casey’s, United Security Bank
- Hard Corner Adjacent to Auxvasse’s Main Commercial Corridor with Direct Access to US-54 (±5,708 VPD)
- Attractive Demographics with Annual Household Income of ±$87,553 (10-Mile)
- Zoned Commercial District with a Variety of Permitted Retail/Commercial Uses
- Absolute $1 Auction – NO RESERVE!
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